Positive NFP figures are good for the economy, so investors will buy US dollars in anticipation of a stronger economy in the future. When the NFP is worse than expected, the US dollar falls as investors sell their US dollars.

When traders ignore risk management, they often make several critical mistakes that can lead to significant financial losses.

News impact in forex refers to the significant influence that economic and geopolitical events can have on currency prices in the foreign exchange market. Traders closely monitor news releases, economic indicators, and global events as they can...

Moving averages are useful on short timeframes because they help traders simplify fast-moving price action and make clearer decisions in noisy markets. On lower timeframes such as one-minute, five-minute, or fifteen-minute charts, price movements can...

Time management is crucial in forex because the market operates 24 hours a day, five days a week, creating constant opportunities—and risks. Without proper time control, traders can easily overtrade, miss high-probability setups, or make emotional...

Forex trading signals can be created manually or automatically. Trading software created by experienced traders in collaboration with code developers generates automatic forex signals. Many technical indicators are used to examine historical data on...

The Hikkake candlestick pattern is a price-action trading setup used in technical analysis to identify potential market reversals or trend continuations after a false breakout. The term “Hikkake,” a Japanese word meaning “to trap,” reflects...

Trend Envelopes and Bollinger Bands are both technical indicators used to analyze price movements, but they differ in construction, purpose, and behavior under changing market conditions. Trend Envelopes are built by plotting fixed percentage bands...

Social influence and herd behavior significantly impact forex trading, often leading traders to make decisions based on the actions of others rather than their analysis or strategies. This phenomenon occurs because humans are inherently social...

The Dark Cloud Cover is a bearish candlestick pattern that helps forex traders anticipate potential trend reversals, especially after an uptrend. It forms over two candles. The first is a strong bullish candle, showing continued buying pressure. The...